1. Opened a business bank account with a deposit of $41,000 from personal funds.
2. Purchased office supplies on account, $1,930.
3. Received cash from fees earned for managing rental property, $5,260.
4. Paid rent on office and equipment for the month, $2,360.
5. Paid creditors on account, $870.
6. Billed customers for fees earned for managing rental property, $4,370.
7. Paid automobile expenses (including rental charges) for the month, $520, and miscellaneous expenses, $260.
8. Paid office salaries, $1,660.
9. Determined that the cost of supplies on hand was $1,140; therefore, the cost of supplies used was $790.
10. Withdrew cash for personal use, $1,570.